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Video 4: Which account do I open?BMO Retirement Services is a part of BMO Global Asset Management and a division of the BMO Harris Bank N.A., offering products and services through various. Unlimited, tax-free withdrawals may be made to pay for qualified, out-of-pocket medical expenses as they occur. Unlike an FSA, you must have the funds in your. An HSA is a personal savings account with a triple-tax advantage, which means you can make tax-deductible contributions, grow funds from interest and.